Devaluation of currency stands for
A)reducing the value of internal currency in terms of foreign currency
B)increasing the value of indian currency in terms of foreign currency
C)keeping the value of internal currency constant in terms of foreign currency
D)none of these

Question

Quizplus · Accepted Answer

Devaluation of currency means officially lowering the value of a country's currency within a fixed exchange rate system, with respect to foreign currencies. This makes the domestic currency less valuable compared to foreign currencies.

Devaluation of Currency Stands for